Dogecoin (DOGE) is planning a comeback—is it ready?

Dogecoin fell below $0.1720 versus the US Dollar. DOGE is testing $0.1650 and trying to rebound to $0.180.

Below $0.1750 and $0.1720, DOGE price fell again.
The price is above $0.170 and the 100-hour SMA.

The hourly DOGE/USD chart shows a bullish trend line with support around $0.1680 (Kraken).
The price may rise if it breaks $0.1750 and $0.1800 barrier.

Dogecoin Price May Recover

As Bitcoin and Ethereum fell below $0.1750, Dogecoin did too. DOGE fell below $0.1720 and $0.1700. Spiked below $0.1650.

After a low of $0.1646, the price is trying to rally. Price rose over $0.1680. Bulls broke over the 50% Fib retracement level of the $0.1791 swing high to $0.1646 low decline.

Dogecoin is above $0.1680 and the 100-hourly SMA. On the hourly DOGE/USD chart, a positive trend line connects to $0.1680.

Resistance on the upswing is approaching $0.1755, the 76.4% Fib retracement level of the decline from $0.1791 swing high to $0.1646 low. Bulls may see first resistance at $0.1780.

Near $0.1800 is the next significant resistance. A closing above $0.1800 might push pricing toward $0.1850. More advances might push the price toward $0.2000. Bulls may halt at $0.2050 next.

More DOGE losses?

DOGE may fall again if it fails to get over $0.1755. Initial negative support is $0.1720. Near $0.1680 is the next important support.

The major support is $0.1650. If the price breaks $0.1650, it might fall lower. The price may fall to $0.1620 or $0.1550 in the short term.

Tech Indicators

DOGE/USD hourly MACD is losing momentum in the negative zone.

Hourly RSI (Relative Strength Index): DOGE/USD is over 50.

Key Support Levels: $0.1680, $0.1650.

Key Resistance Levels: $0.1755, $0.1800.

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